In a research note to investors, Morgan Stanley Upgraded on ARM Holdings plc (ADR) (NASDAQ:ARMH) with an Overweight and no price target.
Shares of ARM Holdings plc (ADR) (NASDAQ:ARMH) are trading -0.33% at the time of writing and in the range of 47.76 – 48.74 for the current session.
On a consensus level, sell-side research analysts have a consensus price target of 60.44 on the stock. This is the average of the individual targets from the covering analysts polled by Thomson Reuters First Call. Analysts are projecting that the company will report earnings per share of 0.36 for next quarter. For the current year, research firms are anticipating earnings of 1.44 per share.
On a technical level the stock has a 50 Day Moving Average of 51.94. Based on a recent trade, this puts the equity at -7.28% away from that average. In comparing the stock’s current level to its extended history, the stock is trading -12.15% away from its 52 week high of 54.82 and +27.58% away from the stock’s low point over the past 52 weeks, which was 37.75.
The price to earnings ratio, or the valuation ratio of a company’s current share price compared to its per-share earnings sits at 53.51. This is an important indicator as a higher ratio typically suggests that investors are expecting higher future earnings growth compared to companies in the same industry with lower price to earnings ratios. When calculating in the EPS estimates for the current year from sell-side analysts, the Price to current year EPS stands at 33.44. Investors looking further ahead, will note that the Price to next year’s EPS is 27.68.
Today the stock opened the current trading session at 48.74 and at the time of writing the last Bid was at 48.16. In the current session the stock reached as high as 48.74 and dipped down to 47.76. ARM Holdings plc, a NMS listed company, has a current market cap of 22.60B and on average over the past 3 months has seen 1411250 shares trade hands on a daily basis.